JEB114 - Macroeconomics I
|Status:||Bachelors - All
BEF - core
Semester - winter
|Obligatory courses:||JEB004 - Economics II
|Course supervisors:|| doc. Roman Horváth Ph.D., ČSOB Corporate Chair
|Teachers:|| doc. Roman Horváth Ph.D., ČSOB Corporate Chair
|Assistants:|| Mgr. Magdalena Patáková
|Schedule:||Lecture: Monday 8AM room 314, Seminars: Wednesday 8AM room 206, Tuesday 14PM room 206 Consultation hours (Jakub Mateju): after lecture, or by appointment Consultation hours (Magdalena Patakova): TBA|
|Announcements:||The students can choose from two courses:
1) This course, which is offered in English
2) Makroekonomie I (http://ies.fsv.cuni.cz/en/syllab/JEB009), which is taught by Dr. Hlavacek in Czech.
Clearly, students, which do not speak Czech should enroll for our course and the students speaking Czech can freely decide, which course they choose. However, note that the students have to make their decision within the first 2 weeks of semester and register in the SIS. Once they choose English or Czech version of the course, they are recommended to stick to their choice in the following semester, too.
|Literature:||N. Gregory Mankiw (2010). Macroeconomics (7th Edition). Worth Publishers.
Student resources are accessible at http://bcs.worthpublishers.com/mankiw7/#t_517719____
We will also cover the update of this textbook that has an ambition to reflect the current global financial crisis:
Ball, L. and N.G. Mankiw (2011) A New Approach to Intermediate Macroeconomics, Worth Publishers.
Student resources are accessible at
|Description:||This course gives an introduction to the macroeconomics at the intermediate level. The course is organized around a series of key macroeconomic issues such as:
Why are some countries are rich and other countries remain poor?
Why do we have recessions?
Can policymakers prevent recessions or, at least, minimize their impact?
Why some people cannot find a job?
Why there is inflation? Why is it bad?
|Content:||Week 1 and 2 - Mankiw, Chapters 1, 2, and 3
Macroeconomic Aggregates, National Income Accounts, the Data of Macroeconomics, Equilibrium, National Income: Where It Comes From and Where It Goes
Week 3 and 4 - Mankiw, Chapters 4 and 19
Money and Money Market – Economic Definition of Money, Quantity Theory of Money, Money Supply, Money Demand, Market for Money, the Interest Rate, and the Inflation
Week 5 and 6 - Mankiw, Chapter 5
Open Economy – Balance of Payments, Saving and Investment in a Small Open Economy, Net Exports;
Exchange Rate – Real and Nominal, Purchasing Power Parity, Fixed Exchange Rate Regime
Week 7 and 8 - Mankiw, Chapters 6 and 3.2
Unemployment – Labor Demand, Labor Supply, Job Loss, Job Finding, Natural Rate of Unemployment, Types of Unemployment
Week 9 - Mankiw, Chapter 7
Economic Growth I - Solow Model, Capital Accumulation, Golden Rule Level of Capital, Population Growth
Week 10 and 11 - Mankiw, Chapter 8
Economic Growth II – Technological Progress in Solow Model, Policies to Promote Growth, Balanced Growth Path, Convergence, Endogenous Growth Theory, Growth Accounting
Week 12 - Mankiw, Chapter 16
Government Debt, Traditional and Ricardian Views
|Examination dates:||The exam terms will be announced about 2 weeks before the end of semester.|
|Course requirements:||70% written test at the end of semester, 30% paper presentations, readings and activity.|
List of Articles for Presentations updated 29.10.